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edwardspitz
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April 18, 2014, 11:38:08 AM |
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Here is a clip from the Big Lebowski for your enjoyment while we parse the time and wait for the next dump or hope for some unexpected good news will turn up (= small rise. Are the Chinese good at marketing?). https://www.youtube.com/watch?v=VLR_TDO0FTg To me just seems like a good analogy for the current sentiment. Watch the clip and replace "She" with "Bitcoin".  Bitcoin is like a young trophy wife, in the parlance of our times. She needs money man :-) |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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April 18, 2014, 11:39:20 AM |
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I think the market is waiting for an announcement from Huobi that they just aint gonna get. thinking of resuming long in a few hours.
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ShroomsKit
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April 18, 2014, 11:40:40 AM |
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Dumping at this point is just a bit...stupid.
Edit: there seems to be some panic in the air. Anouncement incoming?
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 18, 2014, 11:42:11 AM |
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Dumping at this point is just a bit...stupid.
indeed it is but nobody thinks that the world market is clever, right? |
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edwardspitz
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April 18, 2014, 11:43:32 AM |
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Here is a clip from the Big Lebowski for your enjoyment while we parse the time and wait for the next dump or hope for some unexpected good news will turn up (= small rise. Are the Chinese good at marketing?). https://www.youtube.com/watch?v=VLR_TDO0FTg To me just seems like a good analogy for the current sentiment. Watch the clip and replace "She" with "Bitcoin". Bitcoin is like a young trophy wife, in the parlance of our times. She needs money man :-) Oh.. I guess we don't get "the good news" scenario today |
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ShroomsKit
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April 18, 2014, 11:44:20 AM |
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Yup, it's omg panic time.
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UnDerDoG81
Legendary
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Activity: 2191
Merit: 1233
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April 18, 2014, 11:46:37 AM |
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Just woke up, why it went down again?  |
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TERA
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April 18, 2014, 11:51:32 AM |
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How about you ask yourself "why did it go up 60%" in the first place?
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ShroomsKit
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April 18, 2014, 11:52:16 AM |
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Just woke up, why it went down again? My guess because of China news that may or may not come. Yes, traders are that retarded. People sell because of a rumour that there might potentially be a new rumour. Doesn't matter if it's positive or not. Just panic and sell. Other option is: omg someone sold 200 coins omg omg he must have China news omg sell sell sell. |
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edwardspitz
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April 18, 2014, 11:53:05 AM |
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Just woke up, why it went down again? We lowered the price a bit while you were sleeping It was a shared effort but we blame the Chinese. We lowered it because no one was buying. Just to get you a bit exited about the new low price |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 18, 2014, 11:57:02 AM |
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How about you ask yourself "why did it go up 60%" in the first place?
That's exactly what I'm asking myself. |
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UnDerDoG81
Legendary
Offline
Activity: 2191
Merit: 1233
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April 18, 2014, 11:58:06 AM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly  |
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p0peji
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April 18, 2014, 11:58:40 AM |
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This looks like a slow dump, but there has already been way over 1k bid orders eaten away, so eventhough the orderbook looks bullish, this is mega bearish.
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ChartBuddy
Legendary
 Online
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 18, 2014, 12:00:18 PM |
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zby
Legendary
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Activity: 1594
Merit: 1002
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April 18, 2014, 12:04:45 PM |
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Too many bullish threads. Time for a correction.
But will it be just a correction - or was the run up to 540 a correction of the longer down trend that just resumed its reign?
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rjp55
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April 18, 2014, 12:05:25 PM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly Day traders are dedicated, I give them that much. I track major bubble movements and overall sentiments, but some stuff I read on here is from 24 hour chart watchers who seem to make decisions and start drawing lines with every $5 fluctuation in price. I could never do that. I just hope they are successful enough to make it worth their while, let alone not lose their shirt. Seems like a sad way to spend a majority of one's time, especially with nice weather on the horizon (here in Canada anyways, I am hoping). |
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niothor
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April 18, 2014, 12:08:40 PM |
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Just woke up, why it went down again? Because the Chinese obviously are banning litecoin I know that in December 7 or so coins were mentioned in a Chinese news but this years , did those statements mentioned any other coin other than bitcoin? |
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edwardspitz
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April 18, 2014, 12:09:49 PM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly Yes I agree. I don't think that now is a bad time to buy if you are in it for long term. I consider doing that myself. For now I am attempting my luck at day trading I still make mistakes and I am not sure it is worth the time. It is funny however. I am short and mid term bearish but long term bullish. So my plan is to wait a bit (maybe 2 weeks) and then go long term. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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April 18, 2014, 12:13:45 PM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly Day traders are dedicated, I give them that much. I track major bubble movements and overall sentiments, but some stuff I read on here is from 24 hour chart watchers who seem to make decisions and start drawing lines with every $5 fluctuation in price. I could never do that. I just hope they are successful enough to make it worth their while, let alone not lose their shirt. Seems like a sad way to spend a majority of one's time, especially with nice weather on the horizon (here in Canada anyways, I am hoping). Successful day traders provide a vital function. They are the liquidity providers, the decentral bankers of Bitcoin. They reduce volatility by profiting from it. They accomplish this without even intending to, by looking after their own interest. |
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rjp55
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April 18, 2014, 12:18:55 PM |
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Well, for a long term investor, it is really better to not check the charts and the forum for a half year, just like I did last year. Because this price movements are really silly Day traders are dedicated, I give them that much. I track major bubble movements and overall sentiments, but some stuff I read on here is from 24 hour chart watchers who seem to make decisions and start drawing lines with every $5 fluctuation in price. I could never do that. I just hope they are successful enough to make it worth their while, let alone not lose their shirt. Seems like a sad way to spend a majority of one's time, especially with nice weather on the horizon (here in Canada anyways, I am hoping). Successful day traders provide a vital function. They are the liquidity providers, the decentral bankers of Bitcoin. They reduce volatility by profiting from it. They accomplish this without even intending to, by looking after their own interest. Key word there is successful though. Like I said if it is enough to make it worth your while, all the best of course. I fear there are less of you than what is actually admitted to as is always the case with "gambling", even educated gambling. Edit. Back on topic- fluctuation! Resume speculating. |
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